One point of contention in the North Carolina tax reform debate has been the fate of one particular tax expenditure—the uncapped sales tax refund for nonprofits. The refund applies to "sales of taxable tangible personal...
The facts on Missouri’s Tax Climate
6%Individual Income TaxTop rate
6.25%Corporate Income Tax
4.225%Sales and Excise Taxes
$960Property Taxcollections per capita
Missouri's Individual Income Tax System
Missouri's personal income tax system consists of ten brackets and a top rate of 6%. That rate ranks 20th highest among states levying an individual income tax. Missouri's income tax collections per person were $772 in 2010 which ranked 24th lowest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Missouri's Corporate Income Tax System
Missouri's corporate income tax system consists of a flat rate of 6.25%. That rate ranks 18th lowest among states levying an corporate income tax. Missouri's corporate tax collections per person were $45 in 2010 which ranked 8th lowest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Missouri Sales and Excise Taxes
Missouri levies a 4.225% general sales or use tax on consumers, which is below the national median of 6%. The average local sales tax rate is an additional 3.23%. Missouri's state and local governments collect $804 per person in general sales taxes and $393 per person in excise taxes, for a combined figure of $1197, which ranks 13th lowest nationally. Missouri's gasoline tax stands at 17.3¢ (6th lowest nationally), while its cigarette tax stands at $0.17 (lowest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Missouri Property Tax Collections Relatively Low
Missouri's state and local governments collected approximately $960 per person in property taxes, which ranks 14th lowest nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on April 8th in Missouri
Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2013, Missouri taxpayers worked until April 8th (14th earliest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Iowa, April 9th (ranked 17th earliest nationally); Nebraska, April 12th (ranked 23rd earliest nationally); Kansas, April 9th (ranked 16th earliest nationally); Oklahoma, April 6th (ranked 9th earliest nationally); Arkansas, April 7th (ranked 12th earliest nationally); and Illinois, April 25th (ranked 5th latest nationally).
Missouri's State and Local Tax Burden Below National Average
Missouri's 2010 tax burden of 8.95% ranks 17th lowest out of 50 states, and is below the national average of 9.9%. Missouri's taxpayers pay $3328 per capita in state and local taxes.
Missouri's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Missouri's 2013 Business Tax Climate Index Ranks 16
Missouri ranks 16th in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Iowa, 42nd, Nebraska, 31st, Kansas, 26th, Oklahoma, 35th, Arkansas, 33rd, and Illinois, 29th.
50-State Comparison of Business Tax Climates (data only)
2013 State Business Tax Climate Index (full study)
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